House Hacking in Phoenix

[Adam Regos]

Hi BP!

I am looking to relocate to phoenix in the next 6 months and do a house hack.

My understanding for conventional financing for a duplex the minimum is 15% down and triplex/4plex is 20% down.

A lender told me FHA only applies to duplexes or can it be used on triplex or 4plex?

I believe there is a self sufficiency rule where my agent said the #'s do not work right now in phx/tempe for tri pr quad.

Does anyone have further insight on the phoenix/tempe market and have suggestions on what the best financial option would be?

Do most of these duplex house hacks cash flow or at least cover your mortgage?

Thank you!